From New to Newer Labour on Wealth Taxes (1993-2023)
The statement by Shadow Chancellor Rachel Reeves that a future Labour Government will not introduce a wealth tax or indeed do anything at all about taxing wealth has rightly attracted criticism. There is nothing even mildly social democratic about the proposed inactivity.
It is however not new. Tony Benn noted in his diary 17th August 1993
Gordon Brown, the Shadow Chancellor, was on television saying that Labour is not a high-tax, high-spend party and certainly does not intend to penalise the rich. The most ridiculous statement ever..
Leave a Reply